Compliance

The police department was sued by the EEOC in 2013 for passing over a job candidate who was 45 at the time.

PBGC says its legal authority for this action comes from legislation about inflation adjustment of civil penalties.

Losing tax-exempt status can affect the ability to offer 403(b) plans.

While retirement industry regulators have been busy, not much has come out of Congress affecting retirement plans, but that may soon change.

A letter from Special Master Kenneth R. Feinberg says the plan to suspend benefits does not meet requirements of the Multiemployer Pension Reform Act of 2014.

Some actions were made clear by the rule, but there are still grey areas.

A webcast in June will address issues related to accumulated sick and vacation pay deferred to 403(b)s and 457(b)s.

Though a plan fiduciary filed bankruptcy, he still owes court-ordered retirement plan contributions.

The annual limitation on deductions for an individual with self-only coverage will change, while the limitation for individuals with family coverage will not.

Retirement plans qualified in Puerto Rico should have an easier time filing required annual documentation under recent rule changes.  

The lawsuit claims that when Kodak filed for bankruptcy protection in January 2012, it failed to take action to protect retirement plan participants from financial loss.

The agency contended Invesco Trust Company failed to inform retirement plan investors of efforts to bolster the value of its Short-Term Investment Fund.

The new page on the IRS website includes a new correction method for retirement plan sponsors who miss the restatement deadline.

The final rule includes limitations on suspensions, requirements for benefit improvements, notice requirements and details of the approval or rejection process.

Bipartisan legislation already advancing in the U.S. House of Representatives suggests imposing a best interest standard through changes in the law, rather than through a cumbersome contractual regime,...

PBGC director says penalties “should be no more than necessary to encourage timely payments.”

A district court found the requirement to allege an alternative action in a stock drop case applied to participants in a closely held company’s ESOP.

One veteran retirement plan adviser predicts the real impact of the new DOL fiduciary rule will take shape over the long-term—and firms' initial attempts at compliance may not...

The court found the employer, not the participant, had access to key information to prove the participant was entitled to pension benefits.

The suit seeks a court order requiring The Leiter Group Attorneys and Counselors Professional Corp. and the firm's president to restore all losses to the plan’s participants.